QAD (QADA) Announces Quarterly Earnings Results
QAD (NASDAQ:QADA) issued its quarterly earnings results on Tuesday. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01, Briefing.com reports. QAD had a negative net margin of 0.86% and a negative return on equity of 2.60%. The firm had revenue of $79.58 million for the quarter, compared to analysts’ expectations of $81.12 million. During the same period in the previous year, the business earned ($0.01) earnings per share. QAD’s revenue for the quarter was up 3.4% compared to the same quarter last year.
Shares of QADA opened at $39.78 on Wednesday. The stock has a market capitalization of $789.71 million, a P/E ratio of -84.64 and a beta of 1.35. QAD has a 1-year low of $34.90 and a 1-year high of $61.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.55 and a current ratio of 1.55.
A number of institutional investors and hedge funds have recently modified their holdings of QADA. Renaissance Technologies LLC increased its stake in QAD by 8.6% in the 3rd quarter. Renaissance Technologies LLC now owns 660,577 shares of the software maker’s stock worth $37,422,000 after purchasing an additional 52,059 shares in the last quarter. Whetstone Capital Advisors LLC increased its stake in QAD by 15.1% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 250,000 shares of the software maker’s stock worth $14,163,000 after purchasing an additional 32,867 shares in the last quarter. Acadian Asset Management LLC grew its stake in QAD by 41.0% during the 3rd quarter. Acadian Asset Management LLC now owns 104,439 shares of the software maker’s stock valued at $5,916,000 after acquiring an additional 30,363 shares in the last quarter. BlackRock Inc. grew its stake in QAD by 3.9% during the 3rd quarter. BlackRock Inc. now owns 739,353 shares of the software maker’s stock valued at $41,883,000 after acquiring an additional 28,043 shares in the last quarter. Finally, Bamco Inc. NY grew its stake in QAD by 50.0% during the 3rd quarter. Bamco Inc. NY now owns 75,000 shares of the software maker’s stock valued at $4,249,000 after acquiring an additional 25,000 shares in the last quarter. 45.36% of the stock is currently owned by hedge funds and other institutional investors.
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QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
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